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Gas exploration News

24 Apr 2016

Cairn India cuts capex by a third to USD 100 mn for FY17

Battered by a slump in oil prices, Cairn India has slashed its capital expenditure for 2016-17 by a third to USD 100 million (around Rs 660 crore).

13 Oct 2015

Cairn India to exit Sri Lankan block

Cairn India has decided to suspend exploration operation in the gas blocks in Sri Lanka after two discoveries it had made turned out to be commercially profitable.

08 Nov 2014

Government must work for transparency on gas pricing: Experts

Experts taking part in a panel discussion on the pricing of gas in the country this week have unanimously expressed that the government needs to be seen to be working for and ensuring complete transparency on the pricing mechanism applied.

07 Nov 2014

Gas price hike inadequate to attract investments

The new gas price of USD 5.61 per unit will not be adequate to attract investment in exploration as most discoveries in deepsea need a higher rate to be economically viable, top research organisations have said.

24 Sep 2014

HC notice to Centre on RIL's plea seeking dismissal of ONGC petition on gas exploitation

RIL in its plea has said that the matter was a contractual dispute between the parties and the only issue, of appointment of an independent third party, has been settled amicably, thus ONGC's petition be dismissed.

14 Sep 2014

Audit should not be dampener for private firms: Singh told CAG

There had been allegations of 'gold-plating' worth billions of dollars by RIL in this project, while it has also been alleged that the contract was biased towards the company.

29 Aug 2014

Vedanta for an independent regulator for oil and gas sector

As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.

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